Articles tagged under: Soybeans
USDA Forecasts 2020 Acreage at Outlook Forum
Published February 20, 2020
USDA is projecting 2020 corn acreage at 94 million acres, an increase of five percent from last year. Soybean production is forecast to be 85 million acres, up 12 percent from one year ago. USDA Chief Economist Rob Johansson told…USDA Releases Updated Baseline Projections
Published February 17, 2020
USDA has released the long-term baseline projections for grains and livestock. Mostly stable prices are expected over the next decade, however the average prices are expected to be below the 2010-2019 period and above the 2000-2009 time period. The corn…Brazil’s Soybean Crop is Getting Bigger
Published February 12, 2020
Brazil’s soybean crop is getting bigger as harvest progresses. Soybean and Corn Advisor President Michael Cordonnier says the USDA numbers are on track. "Estimates have been increasing in recent weeks, because the previous dry weather in Brazil has been resolved.…Regional Basis is Holding Steady
Published February 12, 2020
Cash grain basis bids at the six regional grain elevators followed by the Red River Farm Network haven’t changed much in the past month as futures prices chop sideways. Spring wheat basis bids range from 20 to 55 cents under…South America Has Good Crops Coming
Published February 11, 2020
South America has good crops coming. "If you look at the numbers we have from Brazil and Argentina in the latest USDA report, there's an increase in the soybean numbers to 125 million metric tons. That's much bigger than where…February USDA Report “Underwhelming”
Published February 11, 2020
USDA left U.S. corn stocks unchanged at 1.89 billion bushels in the February Supply and Demand report. Zaner Ag Hedge Group Chief Market Strategist Ted Seifried says USDA did tweak the corn usage number. "They made some changes on the…USDA Raises Global Soy Ending Stocks in February Report
Published February 11, 2020
In the February USDA Supply/Demand report, USDA raised global soybean ending stocks to 98.9 million metric tons on an increase in Brazilian soybean production. USDA increased Brazil’s soybean production two million metric tons to a record 125 million metric tons.…ND Farmers Continue Work on Corn Harvest
Published February 4, 2020
North Dakota Soybean Growers Association President Joe Ericson says it’s been a quiet winter with some crop remaining in the fields. "Most of the soybeans were harvested. There are some food grade soybeans that couldn't be dried so they were…Acreage Decisions in Flux
Published January 30, 2020
Corn and soybean acreage is expected to increase in the year ahead. NAU Country Vice President of Farm Services Rich Morrison says major changes could still happen. "Bean acres I expect to be at least 10 million (acres) higher and…